BBSI
Barrett Business Services, Inc.36.90
+0.68+1.88%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
947.94MP/E (TTM)
17.74Basic EPS (TTM)
2.08Dividend Yield
0.01%Recent Filings
8-K
Tax court denies credits
U.S. Tax Court on March 30, 2026, granted IRS partial summary judgment against Barrett Business Services, denying wage-based tax credit claims for 2017-2020. BBSI expects $8.6 million in added tax expense and $3.4 million interest charges in Q1 2026, covering through 2022. No penalties planned. It won't disrupt operations. Appeal under review.
10-K
FY2025 results
BBSI drove FY2025 revenues to $1.24B, up 8.4% y/y, with PEO surging 9.9% on 6.7% average WSE growth to 138k and 2.4% higher billing per WSE, while staffing dipped 11.3%; gross margin slipped to 21.0% from 22.2% amid elevated payroll taxes and $76M PEO benefits costs. Workers' comp fell to 16.5% of revenue, aided by $18.7M favorable prior-year adjustments. Net income hit $54.4M, or $2.08 diluted EPS—reconciling cleanly with 26.1M shares. Q4 accelerated buybacks, repurchasing 450k shares for $17M under the $100M plan, bolstering liquidity at $126M cash. Yet California downturns could stall momentum.
8-K
BBSI Q4 revenues up 5%
BBSI reported Q4 2025 revenues up 5% to $321.1M and full-year up 8% to $1.24B, with net income at $16.4M and $54.4M respectively—flat in Q4 but ahead yearly. Board declared $0.08/share quarterly dividend, payable March 27. Cash swelled to $157.2M; repurchased $17M stock. Guides 2026 gross billings growth of 3-5%. Solid execution persists.
10-Q
Q3 FY2025 results
BBSI posted Q3 revenue of $318.9M, up 8.4% y/y from $294.3M, driven by 9.9% PEO growth while staffing dipped 10.3%; gross margin slipped to 24.0% from 25.3% on higher payroll taxes and client benefits. Operating income climbed to $24.8M (up 5.7% y/y), with diluted EPS at $0.79 (up 6.8% y/y, consistent with 26.2M shares). Cash fell to $47.7M amid $10.2M operating outflow, yet $50M revolver remains untapped through August 2028. Stock repurchases totaled $24.8M YTD. Workers' comp claims fluctuate with injury frequency.
8-K
BBSI Q3 revenues up 8%
Barrett Business Services reported Q3 2025 revenues of $318.9 million, up 8% year-over-year, with gross billings rising 9% to $2.32 billion on 6% average WSE growth. Net income climbed to $20.6 million, or $0.79 per diluted share, while workers' compensation costs dipped to 2.2% of gross billings. The board declared a $0.08 quarterly dividend, payable December 5, and repurchased $7.5 million in stock under a $100 million program. BBSI eyes 8.5%-9.5% gross billings growth for 2025. Solid execution amid caution.
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